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Topic: 'Wolf of Wall Street' says Bitcoin is a 'huge scam' and a 'bubble' - page 2. (Read 222 times)

full member
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Merit: 108
One of the biggest SCAM artists in history has the audacity to say something original a 'scam'  If this is not the joke of the year then what is... Grin Grin
full member
Activity: 139
Merit: 100
ONE of the greatest investors of all time, Warren Buffet, has now mentioned several times that Bitcoin is a bubble that can explode at times, calling it an asset that does not produce long-term value. This "Oracle of Omaha" does not seem overly optimistic about Bitcoin's future and intrinsic value.

Buffett has repeatedly warned that the current situation is very similar to the Tulip Bulb incident (lamp of tulips) that occurred in 1637, where the unworthy tulips at all suddenly gained huge demand and made exorbitant prices. However, prices suddenly fall near the "0" mark when the public realizes that Tulip Bulb is worthless. At a minimum, in such incidents the buyer still gets "tangible goods" ie Tulip Lamp itself. Unlike the Bitcoin and ICO schemes that occur, investors will lose "Everything" if at any time Bitcoin explodes.
full member
Activity: 210
Merit: 100
'Wolf of Wall Street' says Bitcoin is a 'huge scam' and a 'bubble' that is 'almost guaranteed' to burst as virtual currency ...




The man who was the real-life inspiration for the Wolf of Wall Street said on Friday that the cryptocurrency Bitcoin is a 'huge scam.'. Jordan Belfort says that the value of Bitcoin is likely to plummet..

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013..

While Bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of Bitcoin futures from Cboe Global Markets on Sunday. Belfort thinks Bitcoin's value will rise in the short term before crashing. '.

He compared Bitcoin to the 17th century 'tulip mania' in Holland, where the value of tulip bulbs skyrocketed before rapidly dropping. Belfort isn't the only one predicting Bitcoin's demise..

http://www.dailymail.co.uk/news/article-5185485/Wolf-Wall-Street-says-Bitcoin-huge-scam.html

Great it dives over to fundamentals, if scams or not.
If u take a gander at a graph Also perceive Practically An 90 level point up or down, it will be bound on do an Practically 90 level point At in the inverse direction, in the close future. I don't put resources into Bitcoin Nonetheless morals i bring invested/played for stocks that exchange around Bitcoin for example, DPW, NVDA, AMD, MARA, OSTK, etc,.
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Activity: 238
Merit: 0
'Wolf of Wall Street' says Bitcoin is a 'huge scam' and a 'bubble' that is 'almost guaranteed' to burst as virtual currency ...




The man who was the real-life inspiration for the Wolf of Wall Street said on Friday that the cryptocurrency Bitcoin is a 'huge scam.'. Jordan Belfort says that the value of Bitcoin is likely to plummet..

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument. Bitcoin has climbed almost 80 percent so far in December alone, putting it on track for its best month in percentage terms since December 2013..

While Bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of Bitcoin futures from Cboe Global Markets on Sunday. Belfort thinks Bitcoin's value will rise in the short term before crashing. '.

He compared Bitcoin to the 17th century 'tulip mania' in Holland, where the value of tulip bulbs skyrocketed before rapidly dropping. Belfort isn't the only one predicting Bitcoin's demise..

http://www.dailymail.co.uk/news/article-5185485/Wolf-Wall-Street-says-Bitcoin-huge-scam.html
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